Business

The Bank of Canada says it is more concerned than it was a year ago about the risks posed by high household debt to the Canadian financial system.  Annual Financial System Review highlights growing risk that ballooning debt presents. The Bank of Canada is more worried than it was last …

With many of the e-commerce platform’s best-selling goods priced under $10, it’s easy to see why many are flocking to the app to purchase everything from clothes and accessories to home appliances. But some experts caution people to think critically about using it.  Some experts warn that the low costs …

Housing advocates have welcomed Toronto’s decision to allow construction of multiplexes, low-rise homes with multiple units, across city neighbourhoods. Yet questions remain as to how much new housing will actually emerge from this policy change and how affordable it will be.  ‘Retrofitting suburbia’ with multiple units on 1 lot could …

The bureau alleged in a Thursday media release that Cineplex is breaking the law after an investigation found consumers can’t buy movie tickets online at advertised prices because there is an additional mandatory fee of $1.50 for booking online.  Movie theatre company accused of adding fee onto tickets purchased online. …

PRICE INCREASE People walk down the street in Hiroshima, Japan on Thursday, May 18, 2023. The Japanese government reported an increase in consumer prices by 3.4 percent in April but still meeting market expectations. AFP PHOTO TOKYO: Japan’s consumer prices rose 3.4 percent on-year in April, in line with market …

DONE DEAL US Trade Representative Katherine Tai listens to a reporter’s question at a press conference at the Foreign Correspondents’ Club of Japan on April 20, 2023 in Tokyo. The United States has reached a modest trade agreement with Taiwan, signaling Washington’s support for the island democracy as it comes …

COME TOGETHER Japan’s Prime Minister Fumio Kishida speaks during an interview with foreign media members on April 20, 2023 in Tokyo. Leaders of seven of the world’s most powerful democracies will gather this weekend for the Group of Seven summit in Hiroshima to strongly condemn Russia’s war on Ukraine while …

The federal government has announced new details of an agreement with Visa and MasterCard that will see them lower the amount that they charge retailers when a customer pays for a purchase with a credit card.  Interchange fees are paid by the merchant, but many have started to pass them …

A man inspects a display of Nintendo’s latest offering ‘Legend of Zelda: Tears of the Kingdom’ outside a popular electronics chain store in Japan’s capital Tokyo on May 12, 2023. AFP PHOTO PARIS: Japanese video game company Nintendo said on Wednesday it had sold more than 10 million copies of …

BOUNCING BACK People walk at a pedestrian crossing in Ginza shopping district on March 31, 2023 in Tokyo. Japan’s economy grew at an annual pace of 1.6 percent in the quarter through March as private demand rebounded after Covid-19-related restrictions were eased, according to data released on Wednesday, May 17, …